Founders Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 23, 2026), Founders Capital Management, LLC reported 77 stock positions worth $669.6 million. Its top holding was Alphabet Class C (GOOG) at 20.8% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 10.5%) and Meta Platforms Class A (META, 9.1%). Compared with Q3 2025, it opened 2 new positions, sold out of 2, added to 21 and reduced 34. The biggest buy was Canadian Natl Railway (CNI, shares +47%) and the biggest sale Meta Platforms Class A (META, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Hartford, CT
- CIK
- 0001585828
- Portfolio Value
- $669.6M (Q4 2025)
- SEC Filing
- 0001172661-26-000279 ↗ filed Jan 23, 2026
Holdings Value
Holdings 77 stocks · $669.6M
| GOOG Alphabet Inc. Class C | 20.77% | 443,136 | $139.1M | Reduce -0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 10.53% | 140,267 | $70.5M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 9.12% | 92,509 | $61.1M | Reduce -0.2% |
| MSFT Microsoft Corp. | 8.70% | 120,429 | $58.2M | Reduce -0.9% |
| GOOGL Alphabet Inc. Class A | 5.21% | 111,407 | $34.9M | Reduce -0.2% |
| AXP American Express Co. | 4.19% | 75,831 | $28.1M | Reduce -1.7% |
| WFC Wells Fargo & Co. | 3.39% | 243,442 | $22.7M | Reduce -14.8% |
| AAPL Apple Inc. | 3.02% | 74,316 | $20.2M | Reduce -0.4% |
| FDX FedEx Corp. | 2.95% | 68,318 | $19.7M | Reduce -1.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.75% | 27,004 | $18.4M | Add +0.7% |
| CSX CSX Corp. | 2.20% | 406,194 | $14.7M | Reduce -0.4% |
| PEP Pepsico Inc. | 1.80% | 83,879 | $12.0M | Add +0.3% |
| UPS United Parcel Service Class B | 1.74% | 117,723 | $11.7M | Add +2.5% |
| UNP Union Pacific Corp. | 1.71% | 49,617 | $11.5M | Reduce -0.5% |
| HD Home Depot Inc. | 1.66% | 32,222 | $11.1M | Reduce -4.8% |
| VONE Vanguard Russell 1000 | 1.39% | 30,204 | $9.3M | No change |
| KO The Coca-Cola Co. | 1.35% | 129,380 | $9.0M | Reduce -2.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.33% | 78,106 | $8.9M | Reduce -0.4% |
| QQQ Invesco QQQ Trust Series 1 | 1.25% | 13,660 | $8.4M | Reduce -0.1% |
| GD General Dynamics Corp. | 1.21% | 24,082 | $8.1M | Reduce -1.8% |
| LMT Lockheed Martin Corp. | 1.04% | 14,396 | $7.0M | Reduce -2.0% |
| REGN Regeneron Pharmaceuticals | 0.95% | 8,203 | $6.3M | Reduce -0.9% |
| CMCSA Comcast Corp. Class A | 0.95% | 211,794 | $6.3M | Reduce -5.1% |
| AMGN Amgen Inc. | 0.92% | 18,863 | $6.2M | Reduce -0.8% |
| LOW Lowe's Cos Inc. | 0.79% | 22,033 | $5.3M | Reduce -0.7% |
| ABBV Abbvie Inc. | 0.78% | 22,893 | $5.2M | Add +0.1% |
| CNI Canadian Natl Railway Co. | 0.77% | 51,953 | $5.1M | Add +46.9% |
| JNJ Johnson & Johnson | 0.71% | 22,971 | $4.8M | Reduce -0.1% |
| ABT Abbott Laboratories | 0.55% | 29,658 | $3.7M | Reduce -2.4% |
| CSCO Cisco Systems Inc. | 0.52% | 45,293 | $3.5M | Add +0.3% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.47% | 15,512 | $3.1M | Reduce -0.7% |
| QSR Restaurant Brands Intern | 0.43% | 41,816 | $2.9M | No change |
| SYK Stryker Corp. | 0.37% | 7,058 | $2.5M | Reduce -5.5% |
| KHC The Kraft Heinz Co. | 0.35% | 97,967 | $2.4M | Add +2.4% |
| WBD Warner Bros Discovery Inc. | 0.31% | 72,052 | $2.1M | Reduce -3.8% |
| CVX Chevron Corp. | 0.31% | 13,547 | $2.1M | Add +1.0% |
| MHK Mohawk Industries Inc. | 0.23% | 14,088 | $1.5M | No change |
| RTX RTX Corp. | 0.22% | 7,971 | $1.5M | Add +0.5% |
| MCK McKesson Corp. | 0.19% | 1,583 | $1.3M | Reduce -7.4% |
| ORCL Oracle Corp. | 0.14% | 4,934 | $962K | Reduce -44.8% |
| LRCX Lam Research Corp. | 0.14% | 5,609 | $960K | No change |
| PG The Procter & Gamble Co. | 0.13% | 6,134 | $879K | Reduce -0.1% |
| WMT Walmart Inc. | 0.13% | 7,594 | $846K | Add +2.1% |
| PNC PNC Financial Services Group | 0.12% | 3,890 | $812K | Reduce -0.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.11% | 1 | $755K | No change |
| MKL Markel Group Inc. | 0.11% | 346 | $744K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.11% | 1,257 | $728K | No change |
| AMZN Amazon.com Inc. | 0.11% | 3,143 | $725K | Reduce -8.8% |
| MDT Medtronic PLC | 0.11% | 7,509 | $721K | Add +1.1% |
| WBS Webster Financial Corp. | 0.10% | 11,079 | $697K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.10% | 2,157 | $655K | Add +2.6% |
| CI The Cigna Group | 0.10% | 2,326 | $640K | No change |
| MA Mastercard Inc. Class A | 0.09% | 1,045 | $597K | Add +2.4% |
| SAM Boston Beer Company Inc. Class A | 0.09% | 2,995 | $584K | No change |
| CAC Camden National Corp. | 0.08% | 12,988 | $563K | Add +39.7% |
| NYT New York Times Co. Class A | 0.08% | 8,000 | $555K | No change |
| FBP First Bancorp Puerto Rico | 0.08% | 26,000 | $539K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.08% | 9,790 | $538K | Reduce -6.9% |
| AMP Ameriprise Financial Inc. | 0.07% | 1,000 | $490K | No change |
| FAST Fastenal Co. | 0.06% | 10,428 | $418K | Add +2.2% |
| OFG Ofg Bancorp | 0.06% | 10,000 | $410K | No change |
| NSC Norfolk Southern Corp. | 0.06% | 1,417 | $409K | Add +4.6% |
| CARR Carrier Global Corp. | 0.05% | 6,505 | $344K | Add +28.8% |
| V Visa Inc. Class A | 0.05% | 980 | $344K | Reduce -1.5% |
| UNH Unitedhealth Group Inc. | 0.05% | 982 | $324K | Add +3.0% |
| INTC Intel Corp. | 0.05% | 8,450 | $312K | No change |
| KEY Keycorp | 0.05% | 14,857 | $307K | No change |
| COF Capital One Financial Corp. | 0.04% | 1,200 | $291K | No change |
| ADX Adams Diversified Equity | 0.04% | 12,046 | $281K | Add +1.9% |
| DRI Darden Restaurants Inc. | 0.04% | 1,500 | $276K | No change |
| CMI Cummins Inc. | 0.04% | 519 | $265K | Add +5.1% |
| SHEL Shell PLC-ADR | 0.04% | 3,496 | $257K | No change |
| JPM JPMorgan Chase & Co. | 0.04% | 754 | $243K | Add +6.7% |
| OTIS Otis Worldwide Corp. | 0.03% | 2,537 | $222K | No change |
| HIG Hartford Insurance Group Inc. | 0.03% | 1,566 | $216K | Reduce -2.1% |
| GE General Electric filed as GE AEROSPACE | 0.03% | 661 | $204K | New |
| CAT Caterpillar Inc. | 0.03% | 352 | $202K | New |
Other holdings (2): bonds, preferreds, convertibles and warrants · $3.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 2,233 | $2.8M | Reduce -2.6% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 741 | $898K | Reduce -6.0% |
Total filed on the 13F, all lines: $673.3M.
Portfolio Sells Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Reduce -0.2% | 9.12% | −1.59 |
| MSFT Microsoft Corp. | Reduce -0.9% | 8.70% | −1.21 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 10.53% | −0.58 |
| HD Home Depot Inc. | Reduce -4.8% | 1.66% | −0.50 |
| WFC Wells Fargo & Co. | Reduce -14.8% | 3.39% | −0.38 |
| ORCL Oracle Corp. | Reduce -44.8% | 0.14% | −0.25 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −0.19 |
| CMCSA Comcast Corp. Class A | Reduce -5.1% | 0.95% | −0.16 |
| UNP Union Pacific Corp. | Reduce -0.5% | 1.71% | −0.14 |
| LMT Lockheed Martin Corp. | Reduce -2.0% | 1.04% | −0.11 |
| GD General Dynamics Corp. | Reduce -1.8% | 1.21% | −0.11 |
| DIS The Walt Disney Co. | Reduce -0.4% | 1.33% | −0.09 |
| ABT Abbott Laboratories | Reduce -2.4% | 0.55% | −0.09 |
| LOW Lowe's Cos Inc. | Reduce -0.7% | 0.79% | −0.08 |
| CSX CSX Corp. | Reduce -0.4% | 2.20% | −0.08 |
| SYK Stryker Corp. | Reduce -5.5% | 0.37% | −0.06 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.1% | 1.25% | −0.04 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.03 |
| KO The Coca-Cola Co. | Reduce -2.1% | 1.35% | −0.03 |
| MTB M & T Bank Corp. | Reduce -0.7% | 0.47% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -0.1% | 0.13% | −0.02 |
| MCK McKesson Corp. | Reduce -7.4% | 0.19% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -8.8% | 0.11% | −0.01 |
| BAC Bank of America Corp. | Reduce -6.9% | 0.08% | −0.00 |
| PNC PNC Financial Services Group | Reduce -0.8% | 0.12% | −0.00 |
| V Visa Inc. Class A | Reduce -1.5% | 0.05% | −0.00 |
| HIG Hartford Insurance Group Inc. | Reduce -2.1% | 0.03% | −0.00 |
| AAPL Apple Inc. | Reduce -0.4% | 3.02% | +0.03 |
| JNJ Johnson & Johnson | Reduce -0.1% | 0.71% | +0.04 |
| AMGN Amgen Inc. | Reduce -0.8% | 0.92% | +0.08 |
| WBD Warner Bros Discovery Inc. | Reduce -3.8% | 0.31% | +0.08 |
| AXP American Express Co. | Reduce -1.7% | 4.19% | +0.16 |
| REGN Regeneron Pharmaceuticals | Reduce -0.9% | 0.95% | +0.21 |
| FDX FedEx Corp. | Reduce -1.8% | 2.95% | +0.37 |
| GOOGL Alphabet Inc. Class A | Reduce -0.2% | 5.21% | +0.94 |
| GOOG Alphabet Inc. Class C | Reduce -0.9% | 20.77% | +3.62 |
Portfolio Buys Q3 2025 → Q4 2025
| CNI Canadian Natl Railway Co. | Add +46.9% | 0.77% | +0.24 |
| UPS United Parcel Service Class B | Add +2.5% | 1.74% | +0.23 |
| CSCO Cisco Systems Inc. | Add +0.3% | 0.52% | +0.03 |
| GE General Electric | New | 0.03% | +0.03 |
| CAT Caterpillar Inc. | New | 0.03% | +0.03 |
| CAC Camden National Corp. | Add +39.7% | 0.08% | +0.03 |
| RTX RTX Corp. | Add +0.5% | 0.22% | +0.01 |
| CMI Cummins Inc. | Add +5.1% | 0.04% | +0.01 |
| WMT Walmart Inc. | Add +2.1% | 0.13% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.6% | 0.10% | +0.01 |
| CARR Carrier Global Corp. | Add +28.8% | 0.05% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +6.7% | 0.04% | +0.00 |
| ADX Adams Diversified Equity | Add +1.9% | 0.04% | +0.00 |
| MA Mastercard Inc. Class A | Add +2.4% | 0.09% | −0.00 |
| NSC Norfolk Southern Corp. | Add +4.6% | 0.06% | −0.00 |
| UNH Unitedhealth Group Inc. | Add +3.0% | 0.05% | −0.00 |
| MDT Medtronic PLC | Add +1.1% | 0.11% | −0.00 |
| FAST Fastenal Co. | Add +2.2% | 0.06% | −0.02 |
| CVX Chevron Corp. | Add +1.0% | 0.31% | −0.02 |
| KHC The Kraft Heinz Co. | Add +2.4% | 0.35% | −0.04 |
| PEP Pepsico Inc. | Add +0.3% | 1.80% | −0.05 |
| ABBV Abbvie Inc. | Add +0.1% | 0.78% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.7% | 2.75% | −0.06 |
Notes & Other Activity Q3 2025 → Q4 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -2.6% | 2,233 | $2.8M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -6.0% | 741 | $898K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 77 | $666.4M | GOOG, BRK.B, META, MSFT, GOOGL |
| Q1 2026 | 72 | $604.9M | GOOG, BRK.B, META, MSFT, GOOGL |
| Q4 2025 | 77 | $669.6M | GOOG, BRK.B, META, MSFT, GOOGL |
| Q3 2025 | 77 | $635.3M | GOOG, BRK.B, META, MSFT, GOOGL |
| Q2 2025 | 75 | $582.2M | GOOG, META, BRK.B, MSFT, AXP |
| Q1 2025 | 73 | $538.6M | BRK.B, GOOG, META, MSFT, WFC |
| Q4 2024 | 70 | $565.2M | GOOG, BRK.B, META, MSFT, AXP |
| Q3 2024 | 74 | $571.0M | GOOG, BRK.B, META, MSFT, AXP |
| Q2 2024 | 74 | $551.7M | GOOG, BRK.B, MSFT, META, FDX |
| Q1 2024 | 75 | $535.3M | GOOG, BRK.B, MSFT, META, FDX |